Royce Micro-Cap Trust, Inc. (NYSE-RMT) declares Third Quarter Common Stock Distribution of $0.18 Per Share
Royce Micro-Cap Trust (NYSE: RMT) has declared a quarterly distribution of $0.18 per share on its Common Stock, payable on September 23, 2024. The distribution can be received in additional shares or cash. RMT's Distribution Policy aims to pay quarterly distributions at an annual rate of 7% of the rolling average of prior four quarter-end NAVs. The Fund estimates that part of the distribution may be a return of capital. For the current distribution, 22% comes from short-term gains, 68% from long-term gains, and 10% is return of capital. RMT's 5-year average annual total return is 13.90%, with a current annualized distribution rate of 6.47%.
Royce Micro-Cap Trust (NYSE: RMT) ha dichiarato una distribuzione trimestrale di $0.18 per azione sul suo capitale ordinario, pagabile il 23 settembre 2024. La distribuzione può essere ricevuta sotto forma di azioni aggiuntive o in contante. La Politica di Distribuzione di RMT mira a effettuare distribuzioni trimestrali a un tasso annuale del 7% della media mobile degli ultimi quattro NAV a fine trimestre. Il Fondo stima che parte della distribuzione può essere un rimborso di capitale. Per la distribuzione attuale, il 22% proviene da guadagni a breve termine, il 68% da guadagni a lungo termine e il 10% è rimborso di capitale. Il rendimento totale medio annuale su 5 anni di RMT è del 13.90%, con un tasso di distribuzione annualizzato attuale del 6.47%.
Royce Micro-Cap Trust (NYSE: RMT) ha declarado una distribución trimestral de $0.18 por acción sobre su capital común, pagadera el 23 de septiembre de 2024. La distribución se puede recibir en acciones adicionales o en efectivo. La Política de Distribución de RMT tiene como objetivo pagar distribuciones trimestrales a una tasa anual del 7% del promedio móvil de los últimos cuatro NAV al final del trimestre. El Fondo estima que parte de la distribución puede ser un retorno de capital. Para la distribución actual, el 22% proviene de ganancias a corto plazo, el 68% de ganancias a largo plazo, y el 10% es retorno de capital. El rendimiento total anual promedio de 5 años de RMT es del 13.90%, con una tasa de distribución anualizada actual del 6.47%.
로이스 마이크로캡 트러스트(Royce Micro-Cap Trust, NYSE: RMT)는 주당 $0.18의 분기 배당금을 선언했습니다. 이는 2024년 9월 23일에 지급될 예정입니다. 배당금은 추가 주식 또는 현금으로 수령할 수 있습니다. RMT의 배당정책은 최근 4개 분기말 NAV의 이동 평균을 기준으로 연간 7%의 비율로 분기별 배당금을 지급하는 것을 목표로 합니다. 펀드는 배당금의 일부가 자본 반환일 수 있다고 추정합니다. 현재 배당금에서 22%는 단기 이익, 68%는 장기 이익, 10%는 자본 반환으로 구성됩니다. RMT의 5년 평균 연간 총 수익률은 13.90%, 현재 연간화된 배당률은 6.47%입니다.
Royce Micro-Cap Trust (NYSE: RMT) a déclaré une distribution trimestrielle de 0,18 $ par action sur son capital ordinaire, payable le 23 septembre 2024. La distribution peut être reçue sous forme d'actions supplémentaires ou en espèces. La politique de distribution de RMT vise à payer des distributions trimestrielles à un taux annuel de 7% de la moyenne mobile des quatre derniers NAV en fin de trimestre. Le fonds estime qu'une partie de la distribution pourrait être un remboursement de capital. Pour la distribution actuelle, 22 % provient de gains à court terme, 68 % de gains à long terme et 10 % est un remboursement de capital. Le rendement total moyen annuel sur 5 ans de RMT est de 13,90 %, avec un taux de distribution annualisé actuel de 6,47 %.
Royce Micro-Cap Trust (NYSE: RMT) hat eine vierteljährliche Ausschüttung von $0.18 pro Aktie auf sein Stammkapital erklärt, zahlbar am 23. September 2024. Die Ausschüttung kann in zusätzlichen Aktien oder in bar erhalten werden. Die Ausschüttungspolitik von RMT zielt darauf ab, vierteljährliche Ausschüttungen zu einem Jahreszinssatz von 7% des rollierenden Durchschnitts der letzten vier Quartals-End-NAVs zu zahlen. Der Fonds schätzt, dass ein Teil der Ausschüttung Rückzahlung von Kapital sein kann. Für die aktuelle Ausschüttung kommen 22% aus kurzfristigen Gewinnen, 68% aus langfristigen Gewinnen und 10% sind Rückzahlungen von Kapital. Der 5-jährige durchschnittliche jährliche Gesamtrendite von RMT beträgt 13,90%, mit einem aktuellen annualisierten Ausschüttungszinssatz von 6,47%.
- Declared quarterly distribution of $0.18 per share
- 5-year average annual total return of 13.90%
- Cumulative total return of 10.35% for the fiscal year through 8/31/2024
- 68% of distribution comes from realized long-term gains
- 10% of distribution is return of capital, potentially indicating insufficient earnings
- No distribution from net investment income, suggesting possible challenges in generating income
Insights
The $0.18 per share quarterly distribution by Royce Micro-Cap Trust (RMT) is a significant event for investors. This
The fund's
The tax implications of RMT's distribution are complex and warrant careful consideration. The breakdown of the distribution sources is important for tax planning:
The return of capital portion is particularly noteworthy. While not immediately taxable, it reduces the cost basis of shares, potentially increasing capital gains tax liability upon sale. Investors should maintain accurate records of these distributions for future tax calculations. The fund's use of Form 1099-DIV for tax reporting will be essential for shareholders to correctly report their income and avoid potential issues with the IRS.
The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'
The Fund's estimated sources of the distribution to be paid on September 23, 2024 and for 2024 year-to-date are as follows:
Estimated Allocations as of August 31, 2024 | |||||
Fund | Distribution | Net Investment | Net Realized | Net Realized | Return of |
RMT | |||||
Estimated Allocations for 2024 through August 31, 2024 | |||||
Fund | Distribution | Net Investment | Net Realized | Net Realized | Return of |
RMT | |||||
You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information: | ||||
Fund | Average Annual Total Return (in relation to NAV for the 5-year period ending on 8/31/2024)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 8/31/2024)2 | Cumulative Total Return (in relation to NAV for the fiscal year through 8/31/2024)3 | Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 8/31/2024)4 |
RMT | 13.90 % | 6.47 % | 10.35 % | 4.77 % |
1 Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended August 31, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.
2 The Annualized Current Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of August 31, 2024.
3 Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2023 to August 31, 2024, assuming reinvestment of distributions paid.
4 The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2024 to August 31, 2024), as a percentage of the Fund's NAV as of August 31, 2024.
About Royce Micro-Cap Trust, Inc.
Royce Micro-Cap Trust, Inc. (the "Fund") is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalizations of
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SOURCE Royce Micro-Cap Trust, Inc.
FAQ
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